Upwork

Upwork

Online marketplace connecting freelancers with clients

Overview

Upwork is an online marketplace that connects freelancers with clients needing short-term projects across many fields. Freelancers create profiles and bid on posted jobs; clients pick based on proposals, profiles, and reviews, and the platform handles collaboration and payments with tools like time tracking, invoicing, and project management. It earns revenue through a tiered service fee on freelancers’ earnings, plus optional premium memberships and services for greater visibility. Its goal is to simplify finding work or hiring help online, enabling scalable freelance collaboration and reliable project completion.

About Upwork

Simplify's Rating
Why Upwork is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Enterprise Software

Company Size

10,001+

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2015

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit $191.7 million and adjusted EBITDA reached $64.1 million.
  • AI-related GSV rose 22% in Q2; AI strategy consulting grew 51%.
  • Enterprise GSV per account rose 7%, and EOR GSV climbed 29% after Ascen.

What critics are saying

  • May 7, 2026 cut 24% of staff; repeated layoffs signal fragile operating leverage.
  • Google search referral deterioration and AI automation already reduced active clients to 763,000 in Q2.
  • The Aug. 2026 class action attacks management’s AI growth claims; another guidance miss stays likely.

What makes Upwork unique

  • Aug. 10, 2026 MCP Server lets ChatGPT, Claude, and Cursor hire Upwork talent.
  • Lifted bundles enterprise contingent labor, EOR, and contractor management after Ascen and Bubty deals.
  • Upwork’s trust layer spans secure payments, proposals, time tracking, and compliance across 10,000 skills.

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Funding

Total Funding

$443.8M

Above

Industry Average

Funded Over

10 Rounds

Notable Investors:
Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Parental Leave

Employee Stock Purchase Plan

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Founder News
Aug 28th, 2026
Upwork posts $28M profit while axing 21% of workforce

Upwork posts $28M profit while axing 21% of workforce

GlobeNewswire
Aug 26th, 2026
Upwork to present at Goldman Sachs Communacopia + technology conference.

Upwork to present at Goldman Sachs Communacopia + technology conference. August 26, 2026 16:08 ET | Source: Upwork Inc. PALO ALTO, Calif., Aug. 26, 2026 (GLOBE NEWSWIRE) - Upwork Inc. (Nasdaq: UPWK), the world's human and AI-powered work marketplace, today announced that senior management will participate in a fireside chat at The Goldman Sachs Communacopia Conference in San Francisco, CA on Wednesday, September 9, 2026 at 3:05 p.m. PT/6:05 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section of Upwork's Investor Relations website at investors.upwork.com. A webcast archive will be available following the event for approximately 90 days at the same address. Please contact the financial institution hosting the conference for additional details. During the course of these events, Upwork may disclose material developments affecting its business and/or financial performance. About Upwork Upwork Inc.'s (Nasdaq: UPWK) family of companies connects businesses with global, AI-enabled talent across every contingent work type including freelance, agency, fractional, and payrolled. This portfolio includes the Upwork Marketplace, which connects businesses with on-demand access to highly skilled talent across the globe, and Lifted, which provides a purpose-built solution for enterprise organizations to source, contract, manage, and pay talent across the full spectrum of contingent work. From Fortune 100 enterprises to entrepreneurs, businesses rely on Upwork Inc. to find and hire expert talent, leverage AI-powered work solutions, and drive business transformation. With access to professionals spanning more than 10,000 skills across AI & machine learning, software development, sales & marketing, customer support, finance & accounting, and more, the Upwork family of companies enables businesses of all sizes to scale, innovate, and transform their workforces for the age of AI and beyond. Since its founding, Upwork Inc. has facilitated more than $30 billion in total transactions and services as it fulfills its purpose to create opportunity in every era of work. Learn more about the Upwork Marketplace at upwork.com and follow on LinkedIn, Facebook, Instagram, TikTok, and X; and learn more about Lifted at go-lifted.com and follow on LinkedIn. Media Contact: Janine Kamwene Vice President of Communications [email protected]

Council for Responsible Nutrition
Aug 20th, 2026
CRN announces CONVERGENCE '26 agenda with featured sessions exploring AI, leadership and the Political landscape.

CRN announces CONVERGENCE '26 agenda with featured sessions exploring AI, leadership and the Political landscape. Future-of-work expert Kelly Monahan and POLITICO's Jonathan Martin to address attendees at CRN's Oct. 6-8 business conference in Carlsbad, California. AUGUST 20, 2026 WASHINGTON - The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, today announced featured speakers and program highlights for CONVERGENCE '26, taking place Oct. 6-8 at the Westin Carlsbad Resort & Spa in Carlsbad, California, part of its signature events (www.crnusa.org/2026events). Designed for leaders across the dietary supplement and functional food industry, CONVERGENCE '26 will bring together business executives, policy experts and industry decision-makers to examine the forces shaping responsible growth - from AI and workforce strategy to political uncertainty, regulatory pressures and changing market dynamics. Future-of-work expert Kelly Monahan, Ph.D., a former research executive at Meta, Upwork, Accenture and Deloitte, will examine "AI and the Productivity Paradox: Are We Really Getting Ahead?" With a focus on leveraging AI as a tool for growth, learning, and innovation rather than mere productivity, Dr. Monahan will discuss why substantial AI investment does not always translate into meaningful productivity gains and how organizations can use AI to support learning, innovation, talent and sustainable business growth without unintentionally intensifying employee burnout. Jonathan Martin, politics bureau chief and senior political columnist at POLITICO, will draw on his extensive network of sources, historical knowledge and relationships across the political spectrum for a discussion on "Understanding the Political Climate We Operate In." Martin will offer an informed look at the campaigns, policy debates and political dynamics shaping Washington and share insights on what the evolving political environment could mean for organizations trying to plan, compete and grow. "Business leaders are being asked to make consequential decisions in an environment where technology, politics, regulation and consumer expectations are all shifting at once," said Steve Mister, CRN president and CEO. "CONVERGENCE gives our industry a place to step back from the day-to-day, look at the larger forces affecting our companies and have candid conversations with the people who are navigating those same challenges. The insights are valuable, and so are the relationships. Those connections help responsible companies anticipate change, identify opportunities and position themselves for growth." Additional CONVERGENCE '26 sessions are planned to address: * Supplement priorities at the U.S. Food and Drug Administration * The impact of private equity and consumer packaged goods acquisitions on the supplement marketplace * Persistent and increasing state efforts to regulate dietary supplements * Perspectives from industry leaders "From the Corner Office" * Topline findings from CRN's latest consumer research The program reflects CRN's 2026 Signature Events theme, "Build Responsibly," underscoring that science, transparency, accountability and informed leadership are essential to the industry's ability to innovate, compete and serve consumers. CONVERGENCE is designed to facilitate focused, high-quality connections. Attendees will have opportunities to exchange ideas with peers, customers, partners and CRN leadership in a relaxed, collegial environment with social activities including golf, yoga, a fun run/walk and receptions celebrating the CRN community and the local color of coastal Southern California. CONVERGENCE '26 follows CRN's inaugural SciComms Connect event, themed "Bridging Science and Marketing to Advance Women's Vitality" and the steering-committee-selected Innovation Exchange showcase on Oct. 6. Program details and registration information are available at www.crnusa.org/2026events. About CRN: The Council for Responsible Nutrition (CRN), founded in 1973 and based in Washington, D.C., is the leading trade association representing the dietary supplement and functional food industry. Bringing together manufacturers, ingredient suppliers, and service providers, CRN unites its member companies around a shared commitment to science, transparency, and responsible business practices - advancing a strong, credible marketplace that supports consumer health and industry growth. In an increasingly complex regulatory and media environment, CRN serves as the industry's front line - shaping science-based policy, defending market access, and countering misinformation. Through strategic advocacy, self-regulatory leadership, voluntary guidelines, and evidence-based communications, CRN ensures that responsible companies are recognized, protected, and positioned to innovate and compete. Learn more at crnusa.org and follow @CRN_Supplements on X and LinkedIn.

Yahoo Finance
Aug 18th, 2026
Upwork delivers $191.7M Q2 revenue and $64.1M adjusted EBITDA beating guidance

Upwork reported second quarter 2026 revenue of $191.7 million, at the high end of its guidance range, whilst adjusted EBITDA of $64.1 million exceeded the top end of guidance. The results were driven by disciplined cost management across the business. Chief Executive Officer Hayden Brown said the company demonstrated strong execution in a challenging operating environment. Upwork's growth strategy focuses on three areas: small and medium-sized businesses, enterprise clients, and artificial intelligence-enabled work. The company is gaining momentum with larger clients and capturing higher-value projects. Brown said Upwork is scaling its position as the platform of choice for complex AI-enabled work. In the SMB segment, the company's focus on quality and customer value rather than volume continues to deliver positive results.

Yahoo Finance
Aug 17th, 2026
Upwork lowers full-year revenue guidance to $740M amid AI automation challenges

Upwork reported second-quarter results marked by challenges from AI adoption and shifting client acquisition patterns. Revenue came in at $191.7 million, beating analyst estimates by 0.9% but down 1.7% year-on-year. Adjusted earnings per share of $0.41 beat estimates by 19.7%. CEO Hayden Brown cited AI automation of lower-complexity work and deteriorating Google Search dynamics as headwinds affecting active client numbers. The company slashed full-year revenue guidance to $740 million from $775 million, a 4.5% decrease. Upwork is pivoting towards higher-value, more complex projects and strengthening enterprise offerings. Brown acknowledged the environment remains volatile but highlighted marketing and product initiatives to address ongoing challenges. The company is also diversifying acquisition channels beyond search to platforms including Meta and connected television.

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